Principal Only Certificate. Any Class AP Certificate.
Principal Only Certificate. Any Class PO Certificate.
Principal Only Certificate. Not applicable.
Examples of Principal Only Certificate in a sentence
Notwithstanding the foregoing, however, on each Distribution Date, the Principal Only Certificate will receive the Discount Fraction of all principal payments, including, without limitation, Principal Prepayments, received in respect of each Discount Loan.
If on any Distribution Date the allocation to the Certificates (other than the Principal Only Certificate) of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Certificates (other than the Principal Only Certificate) below zero, the Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero.
More Definitions of Principal Only Certificate
Principal Only Certificate. The Class A-P Certificates.
Principal Only Certificate. Any Class II-A5 Certificate.
Principal Only Certificate. Any Class 2A-9 or Class 2A-10 Certificate.
Principal Only Certificate. Any Class R1 or Class R2 Certificate.
Principal Only Certificate. Collectively, the Class A-[ ], Class A-[ ], Class A-[ ] and Class A-[ ] Certificates, or individually, any one of such Class of Certificates, substantially in the form annexed as Exhibit A.